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of the world economy calibrated to aggregate and firm-level data. Our framework features cross-country labor productivity … differences, international trade, remittances, and a heterogeneous workforce. We compare welfare under the observed levels of … flows - such as Jamaica or El Salvador - are also better off due to migration, but for a different reason: remittances. The …
Persistent link: https://www.econbiz.de/10013056595
the Philippine peso leads to increases in household remittances received from overseas. The estimated elasticity of … Philippine-peso remittances with respect to the Philippine/foreign exchange rate is 0.60. These positive income shocks lead to …
Persistent link: https://www.econbiz.de/10012761278
Recent theoretical and empirical studies have emphasized the fact that the prospect of international migration increases the expected returns to skills in poor countries, linking the possibility of migrating (brain drain) with incentives to higher education (brain gain). If emigration is...
Persistent link: https://www.econbiz.de/10012771799
We ask what level of migration would maximize world welfare. We find that skill-neutral policies are never optimal. An …
Persistent link: https://www.econbiz.de/10012760411
This paper distinguishes between target-earnings and life-cycle motivations for return migration by examining how Philippine migrants%u2019 return decisions respond to major, unexpected exchange rate changes in their overseas locations (due to the Asian financial crisis). Overall, the evidence...
Persistent link: https://www.econbiz.de/10012779645
The global distribution of talent is highly skewed and the resources available to countries to develop and utilize their best and brightest vary substantially. The migration of skilled workers across countries tilts the deck even further. Using newly available data, we first review the landscape...
Persistent link: https://www.econbiz.de/10012981110
Freedom of movement is considered a basic human right by the majority of countries of the world. As defined in practice …, largely as a result of the immense international differences in labor productivity that exist in the world today. As an …
Persistent link: https://www.econbiz.de/10013137010
In this paper, I selectively discuss recent empirical work on the consequences of global labor mobility. I examine how international migration affects the incomes of individuals in sending and receiving countries and of migrants themselves. Were a social planner to choose the migration policies...
Persistent link: https://www.econbiz.de/10012758151
This article continues the work on the analysis of the individual's decision to migrate, but differs from the previous studies by focusing on the relationship between job mobility and migration. First, the proportion of geographic mobility that occurs in conjunction with a job change is...
Persistent link: https://www.econbiz.de/10014135852
Migration of young workers (as distinct from retirees), even when driven in by the generosity of the welfare state, slows down the trend of increasing dependency ratio. But, even though low-skill migration improves the dependency ratio, it nevertheless burdens the welfare state. Recent studies...
Persistent link: https://www.econbiz.de/10013213052